Editor’s Note: As we often say here, now is the time to move wealth or retirement to precious metals before prices go up. This isn’t about fearmongering. It’s about seeing the writing on the wall. The two companies we endorse are both operated by America First patriots, something most in the precious metals industry cannot claim. For tax and penalty-free precious metals IRA, talk to Goldco. For bullion, talk to Our Gold Guy. Here’s the article by Mary Villareal…
The highest inflation in almost 41 years has resulted in American households paying an average of $717 more per month, according to the Joint Economic Committee (JEC) Republicans.
Despite inflation slowing down slightly in July, the Consumer Price Index still reported that prices climbed 8.5 percent from the previous year. This was largely due to the rising costs of goods, including cars, food, housing and healthcare.
The JEC Republicans’ State Inflation Tracker calculated the average rise in household expenses in July to what they would have cost back in January 2021, when inflation was at 1.4 percent.
“While prices did not change from June to July 2022, prices increased 13.3 percent from January 2021 to July 2022, costing the average American household $717 in July 2022 alone,” their report said.
Fox Business pointed out that even if prices stopped increasing altogether, the inflation that already occurred, which resulted in the existing rise in prices between August 2021 and July 2022, has already cost the average American household an extra $8,607.
Inflation started to rise since the beginning of the Biden administration, putting financial pressure on many American households.
Unfortunately, this burden has been felt most by lower-income American families and middle-class households who are still recovering from the pandemic and whose incomes are already stretched thin and are heavily impacted by the volatile prices. (Related: Survey: 95% of Americans have been affected by the inflation crisis.)
The CPI report for July saw a continued rise in prices for other key items, including groceries, which have gone up 1.3 percent – its highest increase since March 1979.
Grocery prices have now seen yearly increases at 13.1 percent, and shoppers are paying more for poultry, dairy and vegetables.
While the U.S. unemployment numbers have remained relatively low and workers have experienced wage gains in recent months, inflation has erased much of those earnings. Real earnings dropped three percent in July as the average hourly earnings dropped 0.5 percent from June, when higher consumer prices are taken into account.
“While the boost to overall economic prospects is welcome, easing inflation will ring hollow with many down-market consumers whose wages are falling in real terms,” RSM chief economist Joe Brusuelas said.
Energy prices contributed to dip in inflation, but not enough
The decline in energy prices in July also contributed to the dip in inflation – falling 4.6 percent from the previous month, although it remains at 32.9 percent higher over the last year. The average gas price also fell 7.7 percent in July, but still up 44.9 percent from the same month last year.
The White House has also been criticized over the skyrocketing prices, which came right before the mid-term elections. The Democrats in Congress are pushing a bill that is meant to counter inflation, but many critics say it will only worsen the situation.
Experts say the “Inflation Reduction Act” will do absolutely nothing to reduce inflation, and an analysis of the Wharton School of Business warned that the behemoth spending bill would have an impact on inflation that’s “statistically indistinguishable from zero.”
President Joe Biden, who had been defensive for months about the skyrocketing prices, noted that there are lower-than-expected figures in July, and is using this as evidence that inflation is beginning to moderate despite remaining at historic highs. Experts have also cautioned that the high inflation could take months, or even years to return to its pre-pandemic levels. (Related: Inflation causing financial stress on young, low-income Americans.)
Seema Shah, chief global strategist at Principal Global Investors said: “Inflation will only decline at a painfully slow pace. Food and energy inflation are wild cards. Although inflation should peak soon, the broadening and stickiness of price pressures imply headline CPI will only fall to 6.5 percent this year, before the recession accelerates the decline in 2023.”
Visit Collapse.news for more updates about the record-high inflation in the United States.
Watch the video below for more information on the ongoing problems in the economy as well as the Inflation Reduction Act.
This video is from the Three Spoons channel on Brighteon.com.
More related stories:
- More high-income Americans are shopping at discount stores due to unrelenting inflation.
- American workers have lost $3,400 in yearly income due to unrelenting inflation.
- Record number of Americans having difficulties covering household expenses as inflation crisis continues.
- Joe Biden has presided over more inflation in his 18 months in office than any other elected president in history.
- Surveys: Consumers are saving less and acquiring more debts due to inflation.
Sources include:
How to Prepare for Food Emergencies if You Don’t Have a Homestead or Bunker
In an unpredictable world, where supply chain disruptions, natural disasters, or economic instability can strike without warning, having a reliable food supply is more than just smart—it’s essential for survival. Whether you’re a “prepper” or not, we all know the golden rule: self-sufficiency is key. But what if you’re living in an apartment, working long hours, or simply don’t have the land to turn into a thriving homestead? Don’t worry; there’s a practical, effective way to build your food security without needing acres of soil or a fortified bunker.
The Ideal Prep: Building Your Own Food Empire
The ultimate dream for any serious prepper is controlling your own food production. Imagine waking up to a sprawling garden bursting with fresh vegetables, fruits, and herbs—tomatoes ripening on the vine, potatoes ready to harvest, and greens that provide nutrition year-round. Add in livestock like chickens for eggs and meat, and you’ve got a self-sustaining system that keeps your family fed no matter what chaos unfolds outside.
This approach isn’t just about calories; it’s about resilience. A well-maintained garden can yield hundreds of pounds of produce annually, while a small flock of chickens might produce dozens of eggs weekly. It’s empowering, cost-effective in the long run, and teaches invaluable skills like crop rotation, animal husbandry, and preservation techniques. If you have the space, time, and resources, starting small and scaling up is the best path to true independence.
The Reality Check: Not Everyone Can Homestead
But let’s face it—not all of us are in a position to go full homesteader. Urban dwellers might be limited to a balcony or community plot that’s far from sufficient for long-term needs. Busy professionals juggling jobs, families, and daily life often lack the hours required for daily tending. And for those in apartments, condos, or regions with harsh climates, raising livestock or maintaining a large garden simply isn’t feasible. Factors like zoning laws, soil quality, water access, or even physical limitations can make this ideal out of reach.
That’s where the frustration sets in. You want to be prepared, but without a homestead or bunker, how do you ensure your pantry doesn’t run dry during a prolonged crisis? The good news is, you don’t have to sacrifice your preparedness goals. There’s a smart, accessible alternative that bridges the gap: investing in high-quality, long-term storage food.
The Smart Alternative: Long-Term Storage Food from Heaven’s Harvest
Long-term storage food is designed for exactly these scenarios—providing nutrient-dense, shelf-stable meals that last for decades without refrigeration or special conditions. It’s the perfect solution for preppers who can’t rely on fresh production but still demand reliability and variety in their emergency stockpile.
At Heaven’s Harvest, they specialize in premium survival food kits that make preparedness effortless. Their products are crafted with the prepper mindset in mind: non-GMO, made in the USA, and packed with real ingredients that taste like home-cooked meals, not bland rations. Whether you’re stocking up for a short-term blackout or a long-haul SHTF event, our kits offer:
- Extended Shelf Life: Up to 25 years of storage, so you can buy once and forget about rotation worries.
- Nutritional Balance: High-protein entrees, fruits, vegetables, and dairy alternatives to keep your energy up and health intact.
- Ease of Preparation: Just add water, and you’ve got hearty meals like beef stroganoff, chili mac, or cheesy lasagna ready in minutes—no garden weeding required.
- Customizable Options: From individual buckets to family-sized kits, scale your supply to fit your needs and budget.
- Peace of Mind: Sealed in durable, waterproof containers that protect against pests, moisture, and light.
Unlike generic store-bought cans that spoil quickly or lack variety, Heaven’s Harvest focuses on quality and sustainability. Our food is freeze-dried or dehydrated to lock in flavor and nutrients, ensuring you’re not just surviving but thriving. And for those concerned about allergens or dietary preferences, we offer gluten-free and vegetarian options to keep everyone covered.
Why Wait? Secure Your Food Supply Today
Preparing for food emergencies doesn’t require a homestead or bunker—it requires action. By choosing long-term storage food from Heaven’s Harvest, you’re taking control in a way that fits your lifestyle. Start small with a 72-hour kit to test the waters, or go all-in with a year’s supply for ultimate security.
Visit Heaven’s Harvest today and use code “PATRIOT” for an exclusive discount on your order. Don’t let limitations hold you back; build your resilient future, one meal at a time. Your family will thank you when it matters most.
That hits the lower income folks a whole lot harder than it does the higher income households. It’s like a brand new tax. It *IS* a brand new tax.
You’d have to be totally nuts to vote for another Dimocrat as long as you live.
Who in their right mind would vote for a Democrat. More taxes, more crime, more anger, less prosperity, less education, less respect in the world, less peace.